The economic significance of a repo transaction derives from the fact that they allow one party to temporarily exchange cash for securities
It will be interesting to see how corporate Q4 financials respond to the depreciating Naira. One thing certain to take a small hit will be the expense. Profit will stutter on this, albeit if companies don’t ‘cook’ it. It may not affect their full year earnings report though.
Firms cost esti
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WENESO OROGUN AND JOHN OMACHONU
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